Personal Loan Calculator NZ

Wondering how long it will take you to pay off your car finance, or unexpected medical bills? It doesn’t matter if you’re looking for a loan of $1,000 or $10,000 – Rapid Loans can help you find the right loan solution for your needs.

The Rapid Loans Personal Loan Calculator can help you make a smart, fast calculation on their estimated repayments for a range of different loans.

Simply enter the amount you need to borrow and how often you get paid – whether that be weekly, fortnightly or monthly – and we’ll give you a starting estimate on how much your repayments might be. It’s that easy!

Loan Repayment Calculator

To learn about personal loan interest rates in NZ, our Personal Loan Calculator can be taken as a first guide for how much your repayments might be, depending on how often you get paid.

At Rapid Loans, we also understand that there are a number of factors that can help us determine the best loan solution for you. These include your current financial circumstances, as well as your lifestyle and other factors.

We also understand that sometimes circumstances can change – often without notice! So we make sure that we can easily readjust your loan, should you run into any unexpected circumstances.

To make your loan duration as smooth as possible, make sure to do a thorough audit of your finances before committing to a personal loan. After working out your expected loan repayments with our Personal Loan Calculator, make sure they will fit easily into your budget.

Costs of borrowing

Credit fees and charges

The following credit fees and charges are, or may become, payable under, or in connection with, the contract:

Annual interest rate: 39% fixed for the whole contract

Establishment fee: $328.00

Monthly Administration fee $18.00 per month as long as there is an unpaid balance.

Letter fee of $15.00 may be charged to your account any time you request a statement of your account that we are not otherwise required to send you.

Payment rescheduling fee of $20.00 each time you ask and we agree for a payment date or amount to be changed that will extend the term of the contract.

$150.00 fee if you wish to alter security or for any variation of this agreement where we agree you can replace a collateral motor vehicle with another vehicle.

$35.00 Early full repayment administration fee if you prepay the unpaid balance in full.

Security check and PPSA registration and removal: at cost

Default fees and charges

Dishonour fee of $20.00 debited if any scheduled payment to the lender is made late after the due date or is reversed or dishonoured.

Annual default interest rate is 48%, which is 9% per annum greater than the rate shown for interest, and is charged to your account monthly. However, default interest is only charged on the overdue amount until you are no longer in default.

Letter Fee of $15.00 any time we write to you or to anyone representing you with regard to a missed payment(s) or in relation to any other default you commit under this agreement or with respect to ongoing default.

Payment rescheduling fee of $20.00 any time you request a scheduled payment to be rescheduled to another date.

Enforcement/debt collection costs: in the event of your default and the file is transferred to debt collection.

Personal Loan Consultant

If you’re wondering whether a personal loan is a good option for you, or if the NZ personal loan interest rates are a practical option for you, speak to one of our friendly Rapid Loans personal loan consultants.

We’ll be happy to walk you through every step of the loan process, and make sure your loan is tailored to your lifestyle and circumstances.

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What we do at rapid loans

At Rapid Loans, we provide fast, online cash loans to a wide cross section of New Zealanders. We understand that everyone is unique and we tailor personal cash loans to suit different budgets, lifestyles and financial circumstances. We pride ourselves on our friendly and professional service and we strive to respond to online applications quickly

Representative loan example: $7,500 loan advance with a 12-month term. Total cost of loan, including all applicable fees is $9,578.39 This amount includes a $328 establishment fee, $18 per month administration fee and interest at 3.3% per month (39% per annum), with a maximum Annual Percentage Rate (APR) of 47.7561%. Minimum loan repayment period of 6 months and maximum loan repayment period of 48 months.